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Financial services

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Financial Services are provided by finance industry and gst brings incremental challenges due to the nature of their operations.

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Financial services

  1. 1. Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies Financial Services Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds and more.
  2. 2. Service Tax
  3. 3. Goods And Services Tax
  4. 4. GST The GST is a very good type of tax. However, for the successful implementation of the same, we must be cautious about a few aspects. it is really required that all the states implement the GST together and that too at the same rates. Otherwise, it will be really cumbersome for businesses to comply with the provisions of the law. Further, GST will be very advantageous if the rates are same, because in that case taxes will not be a factor in investment location decisions, and people will be able to focus on profitability. For smooth functioning, it is important that the GST clearly sets out the taxable event.
  5. 5. Implications of GST
  6. 6. GST Registration
  7. 7. GST Impact
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